Original Properties definition

Original Properties means the Americana Lakewood apartments, the Emerald Pointe apartments, the Sedona apartments and the Quadrangles Village apartments (or any property the federal income tax basis of which is determined in whole or in part by reference to the basis of the foregoing).

Original Properties means the real property secured with Mortgages dated prior to the New Closing Date, as described in greater detail in the applicable Mortgages, together with all buildings and other improvements thereon (other than leasehold improvements that are the property of a Tenant under a Lease at a Property) and all personal property owned by Borrower and encumbered by the Mortgages, together with all rights pertaining to such property.

Original Properties means those self-storage facilities (including, without limitation, all land, improvements and other property, and all fixtures and personal property, comprising each such property, respectively) to be transferred to the Company pursuant to the Contribution Agreement and the Purchase Agreements.

Examples of Original Properties in a sentence

• Purchase accounting was applied to the acquisition of the Original Properties to the extent cash was paid to purchase 100% of the limited partnership interests in the Sovran Partnerships, prepay outstanding mortgages at the time of acquisition and for related transaction costs.

• Purchase accounting was applied to the acquisition of the Original Properties to the extent cash was paid to purchase 100% of the limited-partnership interests in the Sovran Partnerships, prepay outstanding mortgages at the time of acquisition and for related transaction costs.

• The General Partner shall use all commercially reasonable efforts in disposing of any of the Original Properties to structure such transaction as one or more Section 1031 Exchanges.

• For purposes of Regulations Section 1.752, the Partners agree that $12,000,000 of the Partnership debt secured by the Original Properties at the Closing shall be allocated to Eden as a result of Eden's guaranty of $12,000,000 of such debt, which guaranty is nonrecourse to the partners and members of Eden; provided, however, that nothing contained herein shall preclude amortization of such debt in accordance with the applicable loan documents.

• The purpose of the Canada Life Loan is for refinancing the acquisition costs of the Original Properties (as defined in the Canada Life Loan Facility).

More Definitions of Original Properties

Original Properties means the NYC Properties, the Avis Property and the Brooklyn Property.

Original Properties means those certain assets of the Transferors, all as described in the Conveyance Agreement, interests in which are to he contributed to the Partnership by the Transferors on behalf of themselves and the General Partner pursuant to Article IV

Original Properties means the real property identified as the “Original Properties” on the Property List, as described in greater detail in the applicable Mortgages, together with all buildings and other improvements thereon (other than leasehold improvements that are the property of a Tenant under a Lease at a Property) and all personal property owned by Borrower and encumbered by the Mortgages, together with all rights pertaining to such property.

Original Properties shall have the meaning given such term in the recitals.

Original Properties means (i) the Drever Interests; (ii) any real property interests owned by the Drever Partnerships on the Effective Date; (iii) all properties received in transactions described in Section 7.3(c)(ii) hereof; and (iv) all interests received in transactions described in Sections 7.3(c)(iii) and (iv) hereof.

Original Properties means those certain properties identified as Original Properties in Schedule 2 attached hereto.

Original Properties means those properties and assets described in the Conveyance that have been contributed to the Partnership by the Original Limited Partners as described in Section 4.2(a).